AHL, a quantitative investment unit of UK-based Man Group, has joined forces with its Chinese partner Citic Securities to launch a new commodity trading adviser (CTA) fund in November this year.
Man will serve as technical adviser for the strategy, while Citic will manage onshore execution and marketing for the fund, reported Asian Investor.
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With an initial size of RMB5bn ($815m), the planned fund will trade over 20 commodities, agricultural and financial futures contracts listed in China.
The fund is a segregated-account product with a minimum subscription level of RMB1m.
AHL has entered into a partnership with Citic in 2012 in order to benefit from Chinese demand for quant and managed futures funds.
AHL currently manages $12.1bn of Man’s $57.5bn in AUM.
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